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oldbee

08/21/09 10:08 AM

#6242 RE: bsdaddy #6241

then they must be expecting to pay off some debts with shares?

4keywest

08/21/09 10:33 AM

#6243 RE: bsdaddy #6241

that's true. the outstanding # of shares is being raised to 6 billion but it appears to me that the 500 million authorized shares mentioned on the amendment on post 6231 is an increase before the split. the 185 million shares authorized and noted on this page is being increased now and before the split so after the split we will have 5 billion shares authorized or in the float. that's a lot of shares and more than neceessary to just accomodate the split.